Screen 8824 - Like-Kind Exchanges (1041)

General Information

State
Enter the postal code for the activity’s income to be state source. If you leave this field blank, the activity’s income is not state source.

Part III - Computation of Gain and Basis

The gain or loss recognized on non like-kind real property used in the exchange does not automatically show on the tax return. To report the gain or loss on the non like-kind real property, enter the exchange information for those items separately on the Sale screen or Income in the
Capital gains or (losses)
field.
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